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sponsored by wpbt >> susie: good evening, everyone. the u.s. financial markets were closed to mark independence day. so tonight we'll take a break from our usual reporting to take a look at the state of the economy and the markets at the year's half-way point. >> tom: susie, it's often said that the financial markets hate uncertainty and over the past six months, there was plenty of uncertainty about where the economy was headed. there was even some talk about the possibility of a double-dip recession. >> susie: and as midwest bureau chief diane eastabrook reports, the lack of clear economic signals made it hard for many businesses to plan ahead: >> reporter: kidsnips gives a lot of haircuts. it's a business that operates nine hair styling salons in the chicago area, catering mostly to children. but last year, kidsnips took a haircut itself-- a financial one that is. when the u.s. economy blew up, kidnsips' business did, too. owners kim stolz and jill gordon say cash-strapped customers got fewer haircuts. they bought even fewer of the toys and games kidsnips also sells. this year b
with former u.s. senator sam nunn and the increasing tension caused by iran's nuclear ambitions. he serves as the co-chair of the nuclear threat initiative. recently the u.n. and u.s. announced a new round of sanctions against iran for failing to comply with previous restrictions. also, levar burton is here. he is back with a new film called "the jensen project," premiering friday night on nbc. sam nunn and actor lavar burton, coming up right now. -- sam nunn and actor levar burton, coming up right now. >> all i know is his name is james, and he needs extra help with his reading. >> i'm james. >> yes. >> to everyone making a difference, you help us all live better. >> nationwide insurance supports tavis smiley. with every question and answer, nationwide insurance is happy to help tavis improve of financial literacy and remove obstacles to economic empowerment one conversation at a time. nationwide is on your side. >> and by contributions to your pbs station from viewers like you. thank you. [captioning made possible by kcet public television] tavis: sam nunn is a former u.s. senator from g
, susie, on the labor market and housing. >> susie: u.s. secretary timothy geithner told the pbs newshour, it is important to remember the financial crisis cut very deep with millions of americans losing their jobs. >> tom: while geithner acknowledges we have an enormous whole to climb out, he says the economy is healing. he spoke about strong exports and increased business development. and the treasury secretary spoke with the "news hour"'s jim lehrer. >> if it is going so well, why does it feel like it isn't going so well. >> the scars of this recession were traumatic. people saw the value of their savings plummet. a terrible blow to basic confidence. you're still seeing lasting effect of that damage on business confidence and how people feel about their basic lives. people, understandably, feel a little cautious and tentative. we've seen a little concern about europe wash across the economy. no recoveries are even and steady. what you can say today with confidence is we're in a much stronger position today than we were 18 months ago. much stronger position to deal were you with were ou
of the guided states, he was told today is a free man. he is wanted in the u.s. in connection with his conviction of having sex with a 13 year-old girl 30 years ago. swiss authorities say the u.s. did not make a convincing argument for his extradition. >> two months in a swiss jail, eight months under house arrest at his luxury shall lay in the alps, and less heat legal wrangling, but now switzerland has finally decided what to do about roman polanski. >> this morning, i have informed the lawyer of mr. polanski and informed the ambassadors of the united states, france and poland. it is also the case that the freedom restricting measures against mr. polanski have been lifted. that is the electronic monitoring has been detached. >> it is nonsensical that an extradition demand should be formulated. it was based on information and facts that are erroneous, full of lies, and as mr. polanski rights on the only occasion he broke his silence, he feels he has already been punished. >> the decision not to extradite roman polanski is based, this was say, on continued confusion over how long his o
. a complex u.s.-russia spy swap was underway late today, involving ten russian agents here and four people convicted of espionage in russia. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, we get the latest on the action in a new york court today and look at russia's deep-cover spy program. >> lehrer: then, we talk to white house chief of staff, rahm emanuel. >> woodruff: tom bearden reports from the gulf of mexico, where scientists are turning to tiny microbes to help clean up oiled marshland. >> lehrer: margaret warner examines the pentagon's new rules for dealing with the news media. >> woodruff: and jeffrey brown has a conversation with jean- michel cousteau about his famous father-- ocean explorer jacques cousteau. >> when people ask what do you expect to find? he would always say if i knew, i wouldn't go. so it was the sense of discovery which is, obviously, related it to adventure. >> lehrer: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: >> this is the engine that connects abundant grain from the american heartland
of spying for the west in exchange for the suspects arrested in the u.s. the climate conundrum. some of the world's most influential scientists are clear of hiding key data to exaggerate global warming. welcome to "bbc world news," broadcast to our viewers on pbs in america and also around the globe. my name is mike embly. coming up -- the israeli group is proving a big hit in broadway and london. and fighting for a place for the final, germany and spain are head to head in the world cup semis. britain has confirmed its troops are being moved out in the african province of hellmund, where they have taken casualties. thared of all losses have been there. american forces will take over. it's been described as a redeployment. the taliban are likely to portray it as a victory for them. bbc correspondent jonathan beal has this report. >> it's one of the most lethal places on the planet. this is sangy, scene of the heaviest british fighting and where they suffered the heaviest casualties. is this small stretch of lush, greenland is also fertile ground for drug smuggling corruption and the
because the turks have been very upset with the u.s. policy toward iran. they see it as too confrontational. the problem is that the americans are not in an advice- taking mode. actually we're not very good at taking advice in general. we're actually used to giving advice. the idea that we should have partners in the middle east who have other ideas about how to approach the crises there. we should maybe adjust our policies according to what our friends in the neighborhood suggest. it's something we're just not ready for. and so senator kerry on the broadcast here recently said to me, you know, turkey speaks to and has resonance with the arab street today, number one. number two, they're in a contest for leadership in the arab world. >> you're absolutely right. i wouldn't say just the arab world but the whole middle east. turkey is now able to play a role that no other country can play. how did turkey get to this position? because it's only been ten years that turkey has been really active in the world. before that turkey was just the loyal faithful foot soldier of the u.s.
at pakistan. she talks to pakistan's u.s. ambassador about the airliner crash that killed 152 people, and she examines u.s./pakistani relations after the leak of thousands of secret military documents. >> ifill: we ask environmental engineer nancy kinner to track what's happened to the oil in the water. 100 days after the gulf disaster. >> lehrer: and spencer michels tells the story of a one-man mission to help clean up the oil in louisiana. >> a private individual has taken it upon himself to try to protect the barrier islands in the gulf of mexico. >> lehrer: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: >> this is the engine that zero emission technologies to breathing a little easier, while taking 4.6 million truckloads off the road every year. bnsf, the engine that connects us. and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public
of industries. of what can we do for you? >> and now "bbc world news." >> u.s. allies have taken -- u.s. and allies have taken stronger action against terrorists. a woman admits killing eight of her newborn babies trying to hide it from her husband. welcome to "bbc world news." >> u.s. forces depend daily on information from afghan civilians as they try to defeat the taliban in afghanistan. some might give him information openly come others, more secure the as spies. but none expect their names to be published on the internet. the dossier expose this week includes names, addresses and father's name is, in direct contradiction to the claims that they have withheld documents that might risk lives. the afghan government has been cautious until now about commenting on the avalanche of information that appeared on line. but president karzai had been particularly shocked by the way the name of informants had been left in. >> these names were put into these documents without been blacked out. to put this, indeed, is extremely irresponsible and -- >> this, indeed, is extremely irresponsible and
. president obama led a chorus of concern over the huge disclosure of classified u.s. military documents about the war in afghanistan. >> ifill: and i'm gwen ifill. on the newshour tonight, two takes on the document dump. first, senators jack reed and kit bond assess what it could mean for the war effort. >> lehrer: then, judy woodruff talks to david leigh of the "guardian" and media watcher alex jones on the journalism impact. >> ifill: holly pattenden of "business monitor international" in london looks at the corporate shake-up at b.p. >> lehrer: tom bearden reports from the alabama gulf coast on kenneth feinberg and the complicated mission of compensation. >> and the lead is still tied up they still compensation hasn't been forth coming. >> when i was a young person working in these places, didn't see a way out. and i certainly didn't think the way out would be this. >> lehrer: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corpor
. the jury found he was stealing from the company. he found a way to discover that u.s. law has used against him was somewhat unconstitutional. irrepressible in the way they tried to come down the mountain. >> t outmanoeuvre the paper's owners. the telegraph became the centerpiece to the world's largest newspaper empire. but they are long gone now. >> his business success brought membership in the house of lords. >> the trusted conrad black. >> while some admire the achievements, others found them extravagant. saying that he was living a billionaires' lifestyle on a millionaire's salary. he spent the last two years in a florida jail. what now for conrad black? >> he has been vindicated and stays out of jail. those that have attacked him in this city should look out, conrad is back. >> for now he has been told that he must stay in the united states or forfeit bail. >> you are watching "bbc world news." rare access to secret kurdish guerrilla camp in iraq. telling the bbc that they could be willing. british astronomers say that they observe the biggest start detected anywhere in the universe,
this summer. >> lehrer: margaret warner talks to global post reporter jean mckinsey about u.s. efforts to build up local security forces in afghanistan. >> ifill: and geoffrey brown talks to artist chuck close and his biographer christopher finch about art and overcoming adversity. >> i have a great deal of difficulty recognizing faces. especially if i happen to... if i've just met somebody, it's hopeless. >> brown: you are known for portrays of faces. >> i was driven to make them. i'm absolutely positive. >> lehrer: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions >> lehrer: the stock market rallied for the first time in more than a week. the dow jones industrial average was up more than 170 points before dou
more u.s. soldiers were killed in afghanistan in the last 24 hours, bringing the total to 66 for july-- the most in a single month since the war began. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, ray suarez talks to two veterans of the iraq and afghanistan conflicts about the continued challenge from deadly roadside bombs or i.e.d.s-- the number one killer of americans. >> lehrer: we explore the latest mix of economic numbers and the prospects for the auto industry with business reporter micki maynard and economist martin bailey. >> woodruff: david brooks and ruth marcus, sitting in for mark shields, present their analysis of the week's news. ♪ >> lehrer: and sting with strings. jeffrey brown talks to rock star sting about his newest musical challenge-- performing with a 45 piece orchestra. >> the royal if i ma mar:-- philharmonic is a serious orchestra. so in a way it does flatter my ego but also i have to step up to the plate and... and you know, so it's a big challenge for me. >> lehrer: that's all ahead on tonight's "newshour." major funding for the pbs newsho
by 21,000 last week to 454,000. that's the lowest level since early may. late today, the u.s. treasury declined to label china a currency manipulator, citing that country's recent move to end the yuan's peg to the dollar. in a report to congress, treasury secretary geithner said what matters most is how far and how fast china's currency appreciates. meantime, interest rates are staying the same in the euro zone. the european central bank met today decided to join the bank of england in leaving its benchmark interest rate at an historic low. meanwhile, u.s. mortgage rates continue to drop-- the average rate on a 30-year fixed mortgage is at a record low 4.57%. and u.s. government scientists have made what could be a major breakthrough in the battle against h.i.v. they've discovered two human antibodies that can stop more than 90% of known global h.i.v. strains from infecting human cells in the laboratory. the breakthrough could be used to create improved vaccines and treat h.i.v. infections. >> susie: still ahead, the bond market's been on a tear recently. coming up, analysts weigh in o
, a man who knows afghanistan and pakistan well and who the u.s. military is increasingly listening to. >> i think one of general mcchrystal's legacies is that the elders really felt that we were there to listen and help them. although he was called the architect of the kandahar operation, which means hope in pashto, which was supposed to materialize, he, by the means of the elders, was advised not to do this operation. >> charlie: pakistan's ambassador to the united states, and greg mortenson. next. funding for charlie rose was provided by the following. ♪ >> additional funding provided by these funders. >> and by bloomberg. a provider of multimedia captioning sponsored by rose cmunications from our studios in new york city, this is charlie rose. >> charlie: in the first public reaction, today, to the leaking of the documents about afghanistan and pakistan, president obama said that he was concerned about the leaks but there was no new information coming from them. >> while i'm concerned about the disclosure of sensitive information from the battlefield that could potentially jeopar
reforms in the u.s., congress passes the president's plans for tough new regulation of the banking industry. stopped at last, the oil leaking into the gulf seems to have stopped since bp began testing its cap on the leaking under seawell. the bed and kinds of its regulations dealing with the abuse of children by priests. welcome to bbc world news, a broadcast to our viewers on pbs in america and around the globe. coming up later for you, a special report from jerusalem. we reveal how israeli activists are offering a large sums of money is to palestinians for private property. and are the back for good? this time, robin williams is with them. take that is performing. ♪ >> hello. some call it the most profound overhaul of american financial regulation since the great depression. after many hurdles and much tussling, the financial regulation bill will finally become law. in a narrow vote, the u.s. senate has passed a bill to president obama first proposed the reforms more than a year ago and said he wants to sign it into law next week. going to our new york bureau now. this has been
's been a deadly 24 hours for u.s. forces in afghanistan. eight americans were killed in separate attacks. >> ifill: and i'm gwen ifill. on the "newshour" tonight, this month's u.s. death toll stands at 33 so far on track to top last month's record of 60. we have the latest on the violence, the dangers and the difficulties on the frontlines. >> lehrer: then, we assess the risks and benefits of the diabetes drug, avandia. >> ifill: we have another report from haiti-- six months after the earthquake. tonight, ray suarez looks at the road ahead for the many amputees. >> thousands of haitians lost limbs in january's earthquake. international charities are bringing pros thesees, mobility and hope. >> lehrer: and margaret warner updates the charges against six new orleans police officers in the killing and cover-up of unarmed citizens after hurricane katrina. >> what appears to me is that the officers based upon the admitted statements immediately decided to not tell the truth. that's just disgusting. >> lehrer: that's all ahead on tonight's "newshour." major funding for the pbs newshour has be
the recession butc u.s. economy'sñr recovery.ñté:uk report, the sector faces some uncertainty for the rest of the year. >> reporter: the basic materials sector could be the comeback kid when firms report second-quartfbñr earnings. companies in that sector make everything from steel4p!o . thomson reuters estimates profits for the 32 basic materials companies in the s&p 500 index will top $6 billionÑi in the secondÑi quarter. that's nearly double what they made a year ago during the depth of the reception when-- recessionçó when some basic materials companies lost money. analysts say the segment is benefitting from the u.s.e@6hce they also admit the recoveryñr has been anemic. that isçóÑi reflected in the dow jones u.s. basic materials sector index.1f itÑi took off in the beginning of the year as factory orders increaseÑi on signs theçó economy was improving.Ñi butÑi theñr index tanked in theú crisis in europe could spread here.Ñi kimberlieñr dubord follows it for briefing.com. she says the sector has been improving in recent week bus there is still concern about our eco
,249. a batch of new numbers raised more questions today about where the u.s. economy is headed. the latest data on jobs, housing and manufacturing underscored concerns that the recovery may be losing steam at the year's midpoint. in manufacturing, the federal reserve reported factory output fell last month after three months of growth. at the same time, new claims for jobless benefits fell to the lowest in nearly two years. but it was mostly due to seasonal factors. meanwhile, the private firm realtytrac reported 528,000 home foreclosures in the first six months of 2010. the company warned that lenders could repossess more than one million homes by year's end, a new record. at that rate, it could take until 2013 to work through the backlog of repossessed properties. president obama focused on the broad economic picture, as he spoke at the ground breaking of a new factory in holland, michigan. >> the progress we've made so far is not nearly enough to do - - undo the enormous damage that this recession caused. as i've said since the first day i took office, it's going to take time to reverse the
.p. began polluting the gulf of mexico and u.s. coastline, the company has a new leader and new strategy. the company's new chief executive, bob dudley, said change is coming, even though he's a longtime b.p. insider. >> we're going to learn a lot, and the industry's going to learn a lot, and there's no question that we will change as a company and from those learnings. >> reporter: included in those changes is an accelerated plan to raise cash by selling b.p.'s non-core assets, or less than 10% of the company's total business. the company is guessing it will need $32 billion to cover costs and liabilities from the spill, well below some worst-case estimates of $60 billion. still, analyst cathy milostan says, by disposing of assets b.p. hopes to show investors it can pay for the mess. >> we're starting to see what i call building blocks of being able to demonstrate that there is cash that they can access to cover oil spill costs. the issue here is, there's still a good deal of uncertainty as to what the future costs could be. that uncertainty continues to dog b.p.'s stock. the shares hav
there has been, and continued to be some layoffs of our u.s.-based crews. >> susie: certainly there have been some economic consequences here. it seems like the latest moratorium is focusing more on the safety aspects. let's look at what ken salazar said about this yesterday. he said "i remain open to modifying the new deepwater drilling suspension. but industry must raise the bar on its practices, on deepwater safety, and the oil spill response." so has your company made any changes in its safety procedures to deal with these kind of situations? >> well, yes, we have. almost immediately we began reviewing the procedures that we had in place. we don't have a full accounting yet of what happened on the horizon, but from events and data that has been released, we were able to concentrate on key areas and make sure that we had adequate procedures, adequate training of pena people in those areas. additionally, the industry began several studies and made recommendations to secretary salazar on immediate steps that could be made to improve safety. i think most of those are in place already. pr
would actually be there. but what happens is that because for example, u.s.a.i.d.-- again an organization that has a lot of good will in it-- it also moves with the political agendas of the united states government and so project... projects or assignments or those that are applied for by n.g.o.s become limited to those things which go straight along with the u.s. agenda. so these are the kind of things that have to be thought out very very clearly. one of the kind of no-brainers in things where i would encourage people to put money is in rubble clearing. >> this is jean baptist and this was one of the main streets. this is the area we're working on clearing now. >> this corner, people stay here like late at night. they're having fun here, there was a t.v. here, there was water here, but most of the people used to hang out here. >> so this was like the town square. >> exactly. >> rose: time after time when ski people about haiti, that's what they say, you need to get rid of the rubble. >> you'll do no harm by clearing the streets to let the haitian people make their own co
control. the flames from the ship eliminate the work. the dawn breaks. the captain of the u.s. coast guard ship resolute explained just how much effort is going into the battle against the oil. >> they are working around the clock, trying to respond to the largest oil spill in u.s. history. >> this will not be the easiest of days. the test on the cap that's bp has put on the leaking well have been delayed. i went to visit where the deepwater horizon rig exploded, with the loss of 11 lives. the scene is one of controlled chaos. 65 vessels were involved in the effort to capture the oil. two are digging the relief well. others are diverting the oil. everyone's hopes are resting on a gigantic cap. can it stop the spill that has flowed relentlessly into the gulf for almost three months? wreaking havoc with the economy and the environment. now be nerve wracking part. watching and waiting, to see if bp's latest attempt to stop the oil will be successful. bbc news, in the gulf of mexico. >> an man arrested for the times square bomb plot in new york has appeared on a television video. in the video,
negligence. if they are wrong about this, an additional $15 billion in penalties will be payable to the u.s. government. >> one of the criticisms is that after the explosion, you were focused on the financial impact and not on the human tragedy of the individuals that lost their lives. >> in every crisis, there are things that could have been done differently. i am sure that we can look back and we can learn from this. >> no questions at all, please. >> if a man on the right cannot answer questions, many who have their stake in the company through their pension fund should worry. >> the u.n.'s former chief weapons inspector has told the iraq inquiry here in britain that the bush administration invaded by iraq because they were high on the idea of the invasion. there is in question, the judgment of george bush and tony blair. he said that should have realized that their intelligence sources were fopoor. >> he was a swedish lawyer and diplomat sent to look for weapons of mass destruction. he ended up being caught between saddam hussein's innovation and the impatience of george bush. today, he
been asking for four years before the earthquake. shortly after the earthquake the u.s. government announced they were going to grant temporary protected status. they're talking about giving haitians who have not been applying for it and the numbers the u.s. would have liked -- going back to your larger question. one thing i have noticed is there is more compassion on the part of the u.s. government toward haiti. and toward the policy that the u.s. is 6000. a lot of haitians will tell you if it meant a lot when president obama said we will be there for as long as it takes and will do whatever it takes to get haiti on its feet again. haitians are looking at that to say, we will take you at your word. let's see how we can work together to build a haiti that is much better than the one in existence on january 11. tavis: me it took the loss of hundreds of thousands of lives tuesday that u.s. compassion come to bear. what is your sense of how the haitian people are feeling about this situation? tell me what your senses. >> one of the things that i say about the haitian people as i have
changed. >> the u.s. vice-president has urged iraqi politicians to form a coalition to end the deadlock that has left the country without the government. it has been four months since iraq's inconclusive elections. iran has accused some gulf states of refusing to provide fuel for their airliners. a senior aviation official says that the action has greatly increased the cost of such flights. german officials deny any such fuel ban. a strike over fuel price increases has disrupted normal life across much of the country in india. many schools and businesses were closed. a court in beijing has sentenced an american geologist born in china to eight years in prison. convicted of stealing state secrets, detained in 2007 after negotiating the sale of a publicly available oil industry data base for his employer's. >> for 2.5 years this chinese american geologist has languished in captivity. saying he has been tortured, burned, it on the head by interrogators. monday his lawyers and sister arrived to hear the long-delayed verdict. because of china's secrecy laws, it is enough to see him convicted
for another month. those russians accused of spying in the u.s. may be heading home in a prisoner swap. it was widely reported today that an exchange is in the works. five of the russian suspects were being moved from virginia and boston, to new york. the other five suspects are already there. they could be traded for several people convicted in russia of passing secrets to the u.s. more than 50 iraqis were killed in attacks across baghdad today. 32 of them died in a suicide bombing. the victims were shi-ite pilgrims crossing a bridge to a shrine to commemorate a shi-ite saint. the attack came despite tight security. the u.s. toll in afghanistan rose again today as three more troops died in a roadside bombing in the south. that made 10 americans killed so far in july. also today, an airstrike mistakenly killed five afghan soldiers in the east. the afghan ministry of defense-- m.o.d.-- complained, and the international security assistance force-- i-saf--said a joint investigation was underway. >> ( translated ): we have started investigating the incident since this morning, we also con
documents detailing five years of u.s. war efforts in afghanistan. >> brown: and i'm jeffrey brown. on the newshour tonight, authors steve coll and phil smucker assess what the secret material says about the conduct of the war. >> woodruff: phil shenon of the "daily beast" updates us on what is wikileaks and who is behind it. >> brown: fred de sam lazaro reports on the first sentence handed down by a war crimes tribunal to a member of cambodia's "killing fields" regime. >> woodruff: john merrow wraps up his series about the top to bottom efforts by a school superintendent to reform the new orleans public education system after hurricane katrina. >> making promises, talking publicly about all the big changes he's going to make in the schools. well, it's been three years, time for paul vallas's report card. >> brown: and we look at the impact of the americans with disabilities act on this, the 20th anniversary of the law. >> he didn't come because politicians thought it was a good idea. it came because people with disabilities fought and said we're going to be equal. we're going to
deepwater oil exploration. >> as the u.s. fights to pacify the b.p. gusher in the gulf, the p51-- owned by brazils national p51-- owned by brazil's national oil company, petrobras-- is pumping 24/7 from similar depths below the sea. its the newest platform in >> brown: paul solman talks to greek prime minister george papandreou about the violence in the streets and the turmoil on the financial markets, as greece falls further into debt. >> woodruff: and, we close with a profile of the next poet laureate of the u.s., w.s. merwin. >> as soon as i could move a stub of pencil and put words on paper, i wanted to be a moat. i mean, i was fascinated by the poems my mother had read to me and by the hymns that we sang in church. >> brown: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corp
them to one of the new york airports to be transported to moscow. >> as the u.s. strikes a deal with the former enemy, it mends fences with an old friend. >> the bond between israel and the united states is unbreakable. >> the bond between the united states and israel is unbreakable. >> while on the domestic front, republicans and democrats look for a little mojo. with the president on the campaign trail -- >> hello, nevada, hello kansas city! >> carnahan wants to move forward. missouri wants to move forward. that's the choice in this election. moving backwards or moving forwards. >> as republicans debate among themselves, who speaks for the party? >> every time something happens, you know, people say oh, step down. well, the reality is that's not happening. so stop the noise on that. >> you don't want to mess with me. >> i'm joined by pierre thomas of abc news, christi parsons of "tribune" newspapers, john harwood of cnbc and "the new york times," and john dickerson of "slate" magazine and cbs news.>> award-winning reporting and analysis, covering history as it happens. live fr
evening, everyone. the u.s. economy lost jobs in june, the first time that's happened this year. tom, today's employment report didn't give americans much to cheer about as they head off for the holiday weekend. >> tom: susie, 125,000 jobs were lost, mostly because thousands of temporary census bureau workers left their jobs the unemployment rate fell unexpectedly to 9.5%, down from 9.7%. but that's only because many people stopped looking for work. >> susie: today's report reinforced worries that the economic recovery could be getting off track and the economy will slow over the next six months. scott gurvey has explains. >> reporter: if you were expecting today's report on employment in june to provide a clear picture of the outlook for the rest of the year you were disappointed. and if policymakers at the fed and in congress were looking to the report for guidance in the debate between additional stimulus and a new austerity they too were disappointed. the private sector did add jobs and more jobs than it added in may. and yes, the unemployment rate fell. but that was a result of
evening. two big developments tonight concerning the u.s. financial system: the senate passed the most comprehensive financial reform bill since the 1930s. and susie, late today, goldman sachs settled its civil fraud case with the s.e.c., agreeing to pay more than half a billion dollars. >> susie: tom, we begin with that historic reform bill. it's designed to prevent financial crises in the future. the senate approved the legislation by a vote of 60 to 39. the president is expected to sign it into law next week. >> tom: the new rules will mean huge changes for consumers, and for banks across the country, from the big banks like j.p. morgan, citi, and bank of america to smaller regional firms. darren gersh reports. >> reporter: it's a safe bet school kids decades from now will be quizzed on the dodd- frank wall street reform and consumer protection act. they'll be asked about the new financial stability oversight council, and how it was empowered to identify and correct the kinds of risks regulators missed in the great recession; about the new consumer protection bureau, covering most e
in europe, you see more value there than in investing in any u.s. companies? >> i think so. it is not to discount the united states. the united states should grow faster than europe. it is just which the values and the prices have been discounted so substantially in europe because of the problems with their banks and the potential bailouts of greece and so on, that value is presenting itself. >> susie: now, it's interesting, even though today we had a big rally, and the stock market hasn't been like this in the last couple of weeks, and investors have been so worried, pouring their money into bond funds and into u.s. treasuries, and you see the best days of bond investing are over. how long can investors count on decent returns from bonds? >> i think the best days are over. and that means, simply, the days of price appreciation in terms of bonds added to the yield, which in many cases produced double-digit types of years are over, but it doesn't mean that bonds will go down in price and that 3% to 4% to 5% yields available to investors through pimco funds and others aren't
before. >> reporter: economists say the recent skittishness in global markets is also making many u.s. firms cautious about their hiring and capital spending. and it's not just fortune 500 companies that are reluctant to commit to new workers. manager min tu of this new york city subway shop says he doesn't need any more help. >> now, we are not hiring. now, we have enough people for this business. last year is okay, but before we had four to five people. now is slower; four is okay. >> reporter: that trend is bad news for the u.s. economy, because small businesses typically are major job producers. economist thomas berner says small firms are not very optimistic about the prospects for future sales in the current economic environment. >> they're worried about where the cycle is going, like everybody, and that adds to their uncertainty on top of not being able to borrow money as easily or at the same rate as, for example, larger companies. >> reporter: hiring momentum may be slowing in the u.s., but most experts do believe companies will continue to add jobs to their payrolls this yea
and supported by the u.s.. >> i recall that comment from bush. immediately after he gave that speech he came to a studio in new york at the embassy. my crew had him on this program. we interviewed him shortly after that speech. it was a fascinating day to talk to him. >> in the film we have kirschner, his friend. he says that he likes to go chavez as a friend, but he needs to think about a successor. right now the system needs to be made sure it works. >> that does not bother you? that he is setting himself up to be like castro? >> there is always an norris scrooge -- enormous scrutiny on the election. not only do they have an electronic balances, but at the same time they have two groups. far better than florida in 2000. there was a 75% turnout. better than obama. >> whe is putting off referendums. saying that he once had a third term. is hard going down there. i will not say that it is easy, but i will give you an example. he fires people that are his friends because of corruption. sometimes you get a post in the government position and you steal. the moment they get fired they go to the p
. >> sreenivasan: the u.s. trade deficit hit an 18-month peak in may. the commerce department reported the trade gap widened nearly 5% to $42.3 billion. imports and exports were up, but the import surge indicated consumers could spend more down the road. that news, combined with good second quarter earnings reports, translated on wall street. the dow jones industrial average gained more than 146 points to close at 10,363. the nasdaq rose 43 points to close at 2,242. b.p. prepared to begin gradual tests of its new, tighter containment cap on the blown-out oil well at the bottom of the gulf of mexico. for the first time in months, news about the efforts to contain the spill struck a positive note. >> it's been a very consequential 24 hours in the lifecycle of this response. >> sreenivasan: the freshly installed cap maneuvered into place monday evening. remote-controlled robotic arms slowly placed it over the gushing well, a mile below the gulf's surface. retired coast guard admiral thad allen is in charge of the government response. >> i think we are very confident we can take control of this hydr
and alerting the crews at the scene of a crime. it may seem like an unlikely duet in philadelphia, the former u.s. secretary of state, condoleezza rice and aretha franklin, getting together for charity. she accompanied the queen of soul in one of her best known songs and raising money for the privilege children -- underprivileged children. good to have you with us on bbc world news. still to come, misery and highland horror, choosing victims carefully. doctors have warned that an obesity epidemic is putting thousands of pregnant mothers and their unborn babies at risk. new device is being issued about managing weight during and after pregnancy for women to reduce the chances of diabetes, high blood pressure, and miscarriage. >> kate gave birth to her son four weeks ago with a relatively straightforward pregnancy. with a body maxed index over 30, she was considered obese. >> i tried to stick to the healthy diet as much as possible. you find that as you lose no weight and become bigger it is disheartening. >> these pregnant woman were taking part in a exercise class, the kind of activity encouraged
the accusations made in u.s. military documents. >> this is being called intelligence, but it is not. >> we understand that the chief of bp is settling down in october with a pension of $900,000 each year. a war crimes court finds the khmer rouge chief guilty of crimes against humanity. broadcast viewers on pbs in america and around the globe, coming up later, the sanction squeeze, europe adopts a tough on iran to curb its uranium enrichment program. a spanish man who has undergone the world's first full face phrase -- faced transplant faces the camera as four months after surgery. it is the biggest leak in american military history and it might fuel growing doubts about current strategy in afghanistan. more than 90,000 documents detailing the actions of western forces disclosed on the internet. suggesting far more afghan civilian deaths denn have been officially acknowledged, suggesting that pakistani intelligence has been corresponding with the taliban. >> on authorized, unprecedented, embarrassing, it has been called the biggest ever leak of classified military documents since the vietna
sponsored by wpbt >> gharib: good evening, everyone. a four-day winning streak on wall street. the major u.s. stock indexes posted their best week in nearly a year. you know, tom, investors have been snapping up stocks ohopes they'll be getting some good news and it starts next week. >> hudson: you can see the optimistic mood change when you look at the numbers. all three major indices gained 5% over the past week. the dow up 60 points today, the nasdaq adding 21 and the s&p 500 rising 7.5. today's gains did come on lower volume ahead of the weekend. the nyse is down over a billion shares and the nasdaq off the two billion share pace. >> gharib: the one concern is the economy, including the weak housing market. that housing weakness comes even though the 30-year fixed rate mortgage is now at the lowest level in 50 years. it's averaging just over 4.5% nationwide. erika miller explains why it's not doing much to help the markets. >> reporter: with mortgage rates at rock bottom levels you'd expect a surge. but not so, says marc kunnen who blames the tougher standards. >> the higher credit score
of a u.s. consulate workers. the suspect admitted organizing the killing, saying the american was targeted because she issued visas to a rival gang. there is a concern that american interest may become a target in the mexican drug war. a priest who helped orchestrate the 1994 ugandan genocide has been arrested by police. jean-bosco uwinkindi has been arrested. police are on high alert across pakistan. there was a deadly suicide attack on a sufi shrine in the city of lahore. protestors have been demonstrating their anger at what they say is lax security. there is now a chinese official version of the events in xinjiang. china blamed the violence on the ethnic uighur population. amnesty international says chinese security forces used unnecessary levels of force. suicide attackers have stormed the compound of american aid organization in afghanistan. at least four people were killed, including three foreign workers. gunmen attacked security forces for six hours, until all the attackers were killed. that was just hours before general david petraeus allowed in afghanistan to take c
and welcome. the u.s. president barack obama has welcomes bp's success in stopping the oil leak in the gulf of mexico. he told reporters it was undoubtedly progress. new research is being done to determine whether the leak can be shut down without new leaks of peering. >> is this the moment the stain of the oil spill starts to vanish from the borders of the gulf of mexico? 1 mile down, this is how it looked last night. the leak gradually being turned off, until the flow was cut to just a wisp of oil. news, but president obama warned americans to be cautious. >> one of the problems is that when the oil stopped gushing, everyone feels like we are done. and we are not. scientists are doing a number of tests. what they want to make sure of to make sure the oil is not seeking out in other ways that could be more catastrophic. -- the oil is not seeping out in other ways that could be more catastrophic. >> is images like this that have battered the reputation of bp. but what have they achieved on the sea bed? the flow of oil was successfully shut off last night. watching for signs of leaks, our ro
a great nation, but the u.s. would like to see improvements in its human rights record. she is also here for this regional forum of the association of south east asian nations, and the discussion for this gathering looks set to be dominated by events and the seas around the caribbean -- korean and celeb. >> at the u.s. is really interested in removing nuclear weapons, it should hold the military exercises and the sanctions that destroyed the mood for dialogue. >> hillary clinton came to vietnam from the south korean capital of seoul where she and robert gates laid flowers for those killed in war, and also in memory of the 46 out three and sailors who died in march and the sinking of zero warships, blamed on north korea in an international -- sinking of a north korean warship, -- sinking of a south korean warship, blamed on north korea an international investigation. joint u.s.-south korea and naval exercises are planned for this weekend, aimed at deterring any attacks from north korea. this was a south korean exercise in may, a response to the sinking of the warsaw -- warship. american s
of reverse racism at the u.s. department of agriculture, as with newshour political editor david chalian, the administration apologizes to a fired employee. >> lehrer: plus, a tom bearden oil spill report on the dispute over how to block the flow of oil into threatened tidal estuaries in louisiana. >> woodruff: and, on this 60th anniversary of north korea's attack on the south, jeffrey brown revisits that first hot conflict of the cold war, and explores its continuing legacy with warren wiedhahn, a u.s. marine veteran of the war, plus historians michael beschloss and alex roland. that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the campaign to toughen financi
sreenivasan in our news room. >> 3 u.s. troops and a british soldier were killed by roadside booms in afghanistan today t that made a dozen international troops to die in the first five days of july. meanwhile, leading u.s. senators warned americans just expect more such days. republican john mccain spoke in kabul. >> there are obviously obstacles that lie ahead. there will be more difficulty times in the short-term. casualties will go up. but i'm convinced we can succeed and will succeed in khandahar is obviously the key area and if we succeed there, we will succeed in the rest of this struggle. >> reporter: khandahar is a taliban stronghold. the planned offensive to seize the city has been delayed. the democratic republic of congo began two days of mourning today for at least 242 people killed in a tanker truck explosion on friday. more than 200 others were hurt. the truck tipped over near a site where people had gathered to watch the world cup soccer matches. dozens ran toward the truck and began scooping up fuel before the explosion. some 61 women and 36 children were among the
government debt or trying to spark new lending to business. for a closer look, greg ip, u.s. economics editor of "the economist" magazine. greg, welcome. corporate earnings, they were higher than expected. what happened? why? >> well, the story of the last few months is that corporations have actually been reporting earnings that are better than analysts have expected but often the market has not taken that well. because when you dig down you find that a lot of that improvement is because of cost-cutting. we know that employment has been weak. and one reason why is that companies, when they meet their sales targets are doing it by making their workers more productive rather than hiring more. the other thing especially true today with companies like caterpillar and ups is the strong sales are not in the u.s. you but if places like china and india. the bottom line is the market is doing well but that is not necessarily a great sign for the economy. over the last month, even though we had a good day today t only kind of like takes us back to where we were, you know, a few weeks ago. it's basical
. the largest u.s.-russia spy swap since the cold war is a done deal today it. >> woodruff: and i'm judy woodruff, on the newshour tonight, the hand over of ten spy as rested here for four convicted in russia took place in vienna in less than 90 minutes time. we get the latest on how this spy story played out. >> lehrer: then margaret warner assesses the economic state of the states. with governors ed rendell of pennsylvania. >> woodruff: fred de sam laz ro reports on one man's mission to help the unemployed find work. >> i think about the training and you get papers and if you get papers you can get jobs easily. >> lehrer: mark shields and david brooks offer their weekly analysis. >> woodruff: and we look at the hype and the fallout from basketball star lebron james's decision to leave the cleveland cavaliers . >> it is very tough and i'm going to take pie talent to the beech and join the miami heat. >> lehrer: ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was
by wpbt >> susie: good evening, everyone. it could take as much as five to six years for the u.s. economy to fully recover. tom, that's the federal reserve's revised forecast for the economy, released today along with the minutes of its june meeting. >> tom: and susie, the fed is also painting a weaker picture for this year. policymakers predict the gross domestic product will grow between 3% and 3.5% in 2010. in april, policymakers were more optimistic, expecting growth of as much as 3.7%. >> susie: tom, the fed blamed "economic developments abroad" for the change in its economic outlook, but economist anthony chan worries the central bank's growth projections are still off. >> i think an argument could be made that when you look at the growth band that the federal reserve has, that it's still fairly optimistic. a 3% number on the low side is still pretty high. i think that if there is a surprise, it could still be to the downside of that 3% number. >> susie: now, no signs of growth today from the retail sector. june sales at the nation's retailers fell 0.5%, much weaker than economists
. the british called it the special relationship, but as the new prime minister visits the u.s., how close are the two leaders? devastating floods in china putting record pressure on the recently completed three gorges dam. welcome to "bbc world news mccloy's " broadcasting to our viewers on pbs in america, and also around the globe. coming up later, as a north korean spy, she blew up an airliner. now, she is a best-selling author. why she is now visiting japan. and the warnings here in britain that this fast-growing activity could live up to its grim name. an afghan army recruit has again turned on foreigners. this time, two american civilians were shot dead at a training base in northern afghanistan. an afghan soldier and the suspected gunman were also killed. it is the second such incident in as many weeks and comes just as representatives of 70 countries descended on kabul to the skies the country's future. president karzai told the conference that he wants afghan forces to take control of total security for the country by the end of 2013. >> he is the president of a nation at war, bud
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